I had been following the GameStop episode and saw this article on Forbes today.
The article went on even to use the word “market manipulation by retailers.”
It had me thinking, “surely the author is eager to show off his loyalty to his rich masters.”
The intention is clearly to show that retailers are causing Dow to go down.
Retailers seem to be buying more of GameStop. But why did the Dow go down when people are buying more of Gamestop stock?
Dow goes down if there is selling pressure.
The short sellers ( hedge fund guys) are being asked to put margins by their banks to continue trading, and they are running out of money – so now they are forced to sell their good stocks!
What is happening is an indicator that the retail investors are winning! The Dow is falling since the retail investors have ganged up against the sophisticated hedge funds trying to short sell and kill the company, and now they have to sell their good stocks.
Anything and everything is spined in ways to make the normal people look bad – that is the job of these guys, control the narrative by spinning a web of lies that, unfortunately, a lot of people blindly believe.
Do not trust Forbes! There is no news agency you can trust; there is no institution out there you can trust to do what is best for people.
It is the unfortunate truth.
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